RE: 2002 1098T Rule for BOX1 - TSATAXR

From: Lori Wilson (lwilson@bucknell.edu)
Date: Wed Dec 11 2002 - 14:27:37 EST

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    Yohannes,
    It is also important to note that whether you choose to use box 1 or box 2 ........"the institution must use the same reporting method for all calendar years in which it is required to file returns, unless permission is granted to change methods."

    I hope that helps!

    Lori Wilson
    Associate Controller for Business Services
    Bucknell University
    Lewisburg, PA 17837
    570-577-3334

    At 01:16 PM 12/11/2002 -0500, you wrote:
    >You may only use box 1 or box 2. Never both for either Banner or the IRS.
    >
    >Simplifies it somewhat!
    >
    >Gale R Meyers
    >Bursar, Millersville University of PA
    >gale.meyers@millersville.edu
    >717-872-3025 fax 717-871-2256
    >http://muweb.millersville.edu/~bursar/
    >
    >
    >
    >
    >-----Original Message-----
    >From: Yohannes Alemu [mailto:yalemu@pcc.edu]
    >Sent: Wednesday, December 11, 2002 8:50 AM
    >To: bursar-l@virginia.edu
    >Subject: 2002 1098T Rule for BOX1 - TSATAXR
    >
    >
    >We have decided to report figures for BOXES 1, 2, and 4.
    >Setting up the rules for BOXES 2 & 4 in TSATAXR is fairly simple, but I
    >need help with BOX 1.
    >
    >As billed items, all the figures for BOX 2 reside in the 'charge'
    >column. They are easily extracted by selecting the 'total charges' radio
    >button after specifying the category codes and excluding any non-applicable
    >detail codes.
    >
    >As scholarships and grants, all the figures for BOX 4 reside in the
    >'payment' column. They are easily extracted by selecting the 'not a
    >charge' radio button after specifying the category codes and excluding any
    >non-applicable detail codes.
    >
    >As paid tuition and fees, the 'total paid charges' radio button should
    >apply to BOX 1 . Banner documentation explains this button as a 'deduction
    >of outstanding balance from original amount due.' When testing this
    >function on an account with a zero balance, it returns no data. According
    >to the documentation this makes sense. However, it does not help in
    >reporting the payments that led to the zero balance.
    >
    >Am I missing something? Has anyone out there got a grasp on this
    >functionality? I would appreciate any insight!
    >
    >
    >Yohannes Alemu
    >Portland Community College
    >Financial Services
    >Business Offices, SY CC 210
    >(503) 977-4508

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